SP500 S&P Index Cash CFD (USD)VANTAGE:SP500MIRZA_TRADSStructure shows Higher highs, higher lows intact uptrend , Channel respect the Price has respected both bounds multiple times technically valid channel.This is classic distribution behavior OR continuation setup, depending on what follows next. Resistance (decision zone) 7150–7300 area Upper channel + prior rejection zone This is where smart money sells or traps breakout traders